Depositing Collateral

In order to receive the funds from a DeFi loan, the borrower has to deposit the collateral.

Once the DeFi loan application has been submitted there are 2 ways to get the collateral deposit address and amount.

Option 1

1- The borrower will receive an email with the link to the following screen

2- The borrower can click the 3 vertical dots in the upper right of the loan details .

3- The amount and address details where the borrower has to deposit the collateral will be displayed.

Option 2

1- Inside the Cion Platform you can go to the Crypto Loans page, open the loan details by clicking the ID.

2- Click the 3 vertical dots in the upper right of the loan details .

3- The following screen will show you the details. Select the cryptocurrency the borrower want to use as collateral and the address and amount will be displayed.

When the borrower deposits the collateral the funds will be deposited into the crypto address that was previously set in this step .